/Tag:tax incentives

Taxation in Georgia

Georgia, a country in the Caucasus region, is located on a crossroad between European and Asian markets. Due to Georgia’s business advantages, such as a low-cost workforce, a stable political environment, an attractive tax regime, and a well-developed infrastructure, an increasing number of foreign investors choose to outsource their business activities in Georgia. Moreover, in order [...]

Taxation in Iran

The recent lifting of financial and economic sanctions against Iran opened new opportunities for businesses aiming at expanding in Iran, the second largest economy in the Middle East. Currently, the trade between the EU and Iran amounts to annual EUR 7,5 billion. However, due to the new trade opportunities, this amount is expected to grow four [...]

The US provides tax benefits for hiring your own children

In the US, the Internal Revenue Service (IRS) offers tax incentives for self-employed individuals who would like to hire their own children. Such initiatives aim at supporting small family businesses and assisting families in teaching children about good work ethic and value of money.   The salary paid by parents to an employed child under 18 [...]